SER Systems AG
SER Systems AG english
SER Strengthens Its Focus on Knowledge Management – Sale of the German Banking
C
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
SER Strengthens Its Focus on Knowledge Management – Sale of the German Banking
Competence Center Complete
Neustadt/Wied (Germany), January 2, 2002
In keeping with its continued focus on the software market for Knowledge
Management, SER has accepted a management buy out offer for the SER Banking-
Software Solutions GmbH, one of its German subsidiaries. The sale of SER-Banking
to an investment group comprised of four SER Management Team members, the
CornerstoneCapital AG located in Frankfurt and the Heptagon Capital
Beteiligungsgesellschaft der Freien Sparkassen mbh & Co. KG located in Hamburg
will take effect January 1, 2002. The company will continue under the leadership
of Thorsten Heissel, General Manager.
In addition to its popular V3 software, its rich tradition and over 70% market
share, the SER Groups highly successful asset management company, has, in its
role as a Banking Competence Center, also been successful in marketing SERware
products and the banking specific adaptations thereof during 2001.
The Board of Management welcomes the transition of the compnay since it no only
ensures the long-term availability of the V3 product line (asset management
software) but also allows SER to retain a competent sales partner for SER
products in the banking software market. Furthermore, this decision is in
keeping with SERs goal of strengthening its focus on indirect sales.
The sale of SERware products to banks in Germany, Austria and Luxemburg has been
secured in a partnership agreement which was entered into at the time of sale
and makes SER-Banking the exclusive SER distributor for their market segment in
these countries.
As a result of this transaction the SER Group will deconsolidate approximately
18 million EUR sales and ca. 100 employees beginning in 2002.
Your contact to SER: Phone +49 (0) 26 83-9 84-3 61 / ir@ser.com /
http://www.ser.de/en
end of ad-hoc-announcement (c)DGAP 02.01.2002
——————————————————————————–
WKN: 724190; ISIN: DE0007241903; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart; London
020833 Jän 02
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found